Victoria could be next to revamp stamp duty

Victoria has been tipped to be the next Australian state to consider stamp duty reform, with the state government expected to keep a close eye on New South Wales’ proposal to replace the tax with an annual levy.

The NSW government this week announced a proposal to scrap stamp duty

and replace it with a smaller annual tax, in a bid to boost the state’s flagging finances after it recorded a $16 billion budget deficit. 

Under the proposed system, …